4-hour long positions wiped out $13.91 million, $SOL's recent rally saw a sharp plunge, and the bulls were completely buried.

Just refreshed the liquidation data for $SOL contracts; during the sharp decline, the bears were almost unharmed, while the bulls' blood flowed freely 👇

🔻 In 24 hours, $SOL long positions liquidated: $30.85 million, short positions liquidated: $1.47 million

Looking at shorter timeframes, it’s even more painful—
1 hour: long $37.1k, short $10.8k, very little volatility.
4 hours: long $30.85M, short $2,694, very high losses for longs—51 times that of shorts. The price started accelerating downward, catching longs off guard.
12 hours: long $22.3756 million, short $508.1k, losses for longs are 44 times those of shorts. Shorts almost had zero cost to watch the show; the one-sided plunge is confirmed.
24 hours: short $147,400, indicating there might be a rebound or rally at the end, taking out some shorts. But the long positions at $37.1k are the main force—21 times the shorts.

The trend is very clear: the first half-day saw a one-sided crash, with longs holding on and getting wiped out; the late rebound harvested the shorts. But overall, the most brutal slaughter was on the longs.

Many people are trading $SOL contracts, thinking small caps rebound quickly, and after a big drop, they should bounce back, so they like to heavily load up on bottoms. As a result, they kept holding longs through the decline. Don’t go against the trend, and definitely don’t hold onto losing positions.

$SOL has given everyone a lesson with $32 million: small caps fall harder than the big ones.

Have you been wiped out on long positions during this $SOL decline? See you in the comments.